Question 7

Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The net profit percentage is

  • A.100%
  • B.67%
  • C.50%
  • D.33%
  • E.17%
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1998
Question no.
#7
Type
Objective

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